GAAP diluted earnings per share were $0.77 for the third quarter ended October 29, 2011. Adjusted diluted earnings per share were $0.79 after excluding $1.0 million ($0.7 million after tax or $0.01 per diluted share outstanding) in acquisition related integration costs and $0.7 million ($0.5 million after tax or $0.01 per diluted share outstanding) for non-cash asset impairment charges. This compares to adjusted diluted earnings per share guidance given September 7, 2011 of $0.64 to $0.66. Inthird quarter fiscal 2010, GAAP diluted earnings per share were $0.47 and adjusted diluted earnings per share were $0.57 after excluding $1.4 million ($1.1 million after tax or $0.02 per diluted share outstanding) in acquisition and acquisition related integration costs, $2.0 million ($1.5 million after tax or $0.03 per diluted share outstanding) in tuxedo distribution closure costs and $3.2 million ($2.4 million after tax or $0.05 per diluted share outstanding) for non-cash asset impairment charges.

GAAP diluted earnings per share were $2.37 for the nine months ended October 29, 2011. Adjusted diluted earnings per share were $2.43 after excluding $2.5 million ($1.6 million after tax or $0.03 per diluted share outstanding) in acquisition related integration costs and $1.7 million ($1.1 million after tax or $0.02 per diluted share outstanding) for non-cash asset impairment charges. For the nine months ended October 30, 2010, GAAP diluted earnings per share were $1.54 and adjusted diluted earnings per share were $1.66 after excluding $4.1 million ($2.7 million after tax or $0.05 per diluted share outstanding) in acquisition and acquisition related integration costs, $2.0 million ($1.5 million after tax or $0.03 per diluted share outstanding) in tuxedo distribution closure costs and $3.4 million ($2.2 million after tax or $0.04 per diluted share outstanding) for non-cash asset impairment charges.

Note: Due to rounded numbers, the adjusted earnings per share may not sum.

THIRD QUARTER HIGHLIGHTS

Total Company net sales increased 6.3% for the quarter.

-- Retail segment sales increased 5.9%.
-- This increase was primarily attributable to increased retail
clothing product sales driven by increases in average unit selling
prices and units sold per transaction offsetting fewer transactions
per store.
-- Tuxedo rental services revenues had U.S. comparable store sales of
1.9% driven by an increase in average rental price.
-- Corporate apparel segment sales increased 9.5% primarily due to one
additional week in the current year quarter of U.K. operations acquired
on August 6, 2010 and increased catalog and internet sales at our U.K.
operations and increased catalog sales at our U.S. operations.

Total Company gross margin increased 14.1% to $268.2 million and as a percentage of sales, increased 315 basis points.

-- Retail segment total gross margin, as a percentage of related net sales,
increased 324 basis points. This increase was primarily attributable to
higher product margins driven by higher average net selling prices per
unit at all brands and lower K&G product cost charge-offs.
-- Corporate apparel segment gross margin, as a percentage of related
sales, increased from 26.5% in the third quarter of 2010 to 29.4% in the
third quarter of 2011 due mainly to an improved mix of higher margin UK
customers in the 2011 results, partially offset by higher Twin Hill
product costs.

Total Company adjusted SG&A expenses increased 6.4% to $206.4 million* and as a percentage of sales increased 5 basis points.

-- The Company's corporate apparel segment drove 1.7% of the quarter over
quarter increase and the balance, 4.7%, was related to payroll related
costs and increased expenses associated with increased sales in the
Company's retail segment.

Adjusted operating income increased 50.4% to $61.7 million* and as a percentage of sales, increased 310 basis points.

-- The financial results of the U.K. operations, excluding acquisition
integration costs, were $0.03 accretive to the Company's third quarter
diluted earnings per share. Integration costs were $1.0 million ($0.7
million after tax or $0.01 per diluted share outstanding).

Total inventories increased 21.1% primarily to support increased retail sales and planned promotions in the fourth quarter as well as replenish comparatively oversold levels in the prior year as we embarked on a more aggressive promotional cadence.

The Company repurchased 500,000 shares of its common stock during the third quarter at an average cost of $29.98 per share.

Total cash and cash equivalents at quarter end were $138.5 million.

* Adjusted SG&A and adjusted operating income for third quarter 2011 excludes $1.0 million in acquisition related integration costs and $0.7 million for non cash asset impairment charges. Adjusted SG&A and adjusted operating income for third quarter 2010 excludes $1.4 million in acquisition and acquisition related integration costs, $2.0 million in tuxedo distribution closure costs and $3.2 million in non cash asset impairment charges.

2011 GUIDANCE

For the fiscal year, GAAP diluted earnings per share is expected to be in a range of $2.21 to $2.24. Adjusted diluted earnings per share are expected to be in a range of $2.28 to $2.31. Adjusted earnings per share exclude acquisition related integration costs of $4.0 million ($2.6 million after tax or $0.05 per diluted share outstanding) and impairment charges of $1.7 million ($1.1 million after tax or $0.02 per diluted share outstanding). Both GAAP and adjusted earnings per share reflect the dilutive effect of participating securities which approximates $0.03 for the full year.

Estimated fourth quarter GAAP and adjusted diluted loss per share include a $0.02 per share negative impact from previous guidance due to the shifting of certain costs into the fourth quarter, which favorably impacted the third quarter, and severance costs due to a reorganization in the Company's technology workgroup.

For the fourth quarter of the fiscal year, GAAP diluted loss per share is expected to be in a range of ($0.17) to ($0.14). Adjusted diluted loss per share is expected to be in a range of ($0.15) to ($0.12). Adjusted earnings per share exclude acquisition related integration costs of $1.5 million ($1.0 million after tax or $0.02 per diluted share outstanding). Neither GAAP nor adjusted loss per share have an impact from the dilutive effect of participating securities.

The financial results of the combined UK acquisitions, excluding acquisition related integration costs, are expected to be accretive to the Company's full year and fourth quarter diluted earnings per share.

1. Includes US$222 million for full year FY 2011 and US$51 million for 4Q FY
2011 of sales from acquired operations of Dimensions and Alexandra.
2. Includes an assumed U.S. comparable store increase in tuxedo rental
revenues of 4% to 5% for the full year FY 2011 and a 14% to 15% increase
in 4Q FY 2011.
3. Occupancy costs are expected to be flat to a 1% decrease for full year FY
2011 and 1% to 2% increase for 4Q FY 2011.
4. Excludes acquisition related integration costs and impairment charges.

CONFERENCE CALL AND WEBCAST INFORMATION

At 5:00 p.m. Eastern time on Tuesday, December 6, 2011, Company management will host a conference call and real time webcast to review the third quarter of fiscal 2011 and its outlook for the fourth quarter and full year of fiscal 2011.

To access the conference call, dial 480-629-9818. To access the live webcast presentation, visit the Investor Relations section of the Company's website at www.menswearhouse.com. A telephonic replay will be available through December 13, 2011 by calling 303-590-3030 and entering the access code of 4488091#, or a webcast archive will be available free on the website for approximately 90 days.

Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 1,175 stores. The Men's Wearhouse, Moores and K&G stores carry a full selection of men's designer, brand name and private label suits, sport coats, furnishings and accessories and Men's Wearhouse and Tux stores carry a limited selection. K&G stores carry a full selection of women's apparel. Tuxedo rentals are available in the Men's Wearhouse, Moores and Men's Wearhouse and Tux stores. Additionally, Men's Wearhouse operates a global corporate apparel and workwear group consisting of Twin Hill in the United States and Dimensions and Alexandra in the United Kingdom.

This press release contains forward-looking information. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be significantly impacted by various factors, including sensitivity to economic conditions and consumer confidence, possibility of limited ability to expand Men's Wearhouse stores, possibility that certain of our expansion strategies may present greater risks, changes in foreign currency rates and other factors described in the Company's annual report on Form 10-K for the fiscal year ended January 29, 2011 and subsequent Forms 10-Q.